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STATED-INCOME MORTGAGE LOANS

No income verification.
No application fee!
"Common sense" underwriting
Purchase or Refinance
Close in 3 weeks or less

The Stated Income Mortgage Loan Program is one of the most flexible lending options available to real estate investors. Why? Simply put, there is no income documentation, no income verification, no tax returns; and on certain transactions you will not be required to show any bank statements.

 

FundingPilot is proud to offer some of the most diverse, competitive, and flexible residential mortgage loan program. The Stated Income Mortgage Loan is the best option for real estate investors looking for a reduced documentation experience without having to sacrifice for high rates and short-terms, such as a bridge loan or hard money loan. To receive your custom, hassle-free loan quote please complete the "QUICK QUOTE" Form or call us directly at 888-860-2844.

 

 

Everything you need to know about the Stated-Income Mortgage Loan Program:

 

Loan Amounts: $75,000 - $5,000,000

Interest Rates: 8.75%+

Loan Term: 30 years

Payment Options: Principal & Interest

Frequency: Monthly

Loan-to-Value (LTV): ≤75% (Purchase), ≤75% (Refinance)

Credit Score: 600+ FICO

Occupancy: Non-Owner Occupied

Property: Residential and Commercial

Property Types: Single Family, Multifamily (2-4 units), Condo, Townhouse, Mixed-Use, Commercial Multifamily (5+ units), Office, Retail, Self-Storage, Auto Service

Use of Funds: Must be for business or investment purposes only.

Lending Territory: Alabama, Alaska, Arkansas, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin, Wyoming

APPROVAL PROCESS: Stated-Income Mortgage Loans

The approval process for a Stated-Income Mortgage Loan is straightforward, streamlined, and designed bypass many of the common obstacles associated with full-documentation mortgage loan programs. Once your dedicated Loan Officer reviews your scenario and confirms your eligibility a Conditional Loan Approval (CLA) will be issued with your unique loan number. Additionally, you will receive all necessary  loan disclosures which must be reviewed, completed, and signed.
 
The CLA will also outline any conditions of approval and list any documents which are needed prior to issuing a clear-to-close. To prevent delays, your appraisal and title search will be ordered once we receive your signed disclosures. The entire funding process for a Stated-Income Mortgage Loan takes roughly 2-3 weeks from state to finish.
Stated Income Mortgage Loan - Approval Process - Oracle Loans

Have a question? Call us at 888-860-2844

ADDITIONAL LENDING PROGRAMS

Loan Amounts: $10,000 - $750,000

Terms: 3 - 36 months

Repayment: Fixed

Collateral requirement: N/A

Credit Needed: 500+ FICO

Approval Time: 24 hours

Time to Fund: 2 - 5 days

Unsecured Business Loan

Secured Business Loan

Loan Amounts: $1,000 - $15,000,000

Terms: up to 30 years

Repayment: Fixed

Collateral requirement: YES

Credit Needed: No credit score requirements

Approval Time: 24 hours

Time to Fund: 3 - 10 days

Startup Business Loan

Loan Amounts: $5,000 - $250,000

Terms: up to 10 years

Repayment: Monthly, Weekly, or Daily

Collateral requirement: N/A

Credit Needed: 500+ FICO

Approval Time: 1 - 2 days

Time to Fund: 3 - 5 days

Merchant Cash Advance

Loan Amounts: $10,000 - $750,000

Terms: 3 - 36 months

Repayment: Fixed

Collateral requirement: N/A

Credit Needed: 500+ FICO

Approval Time: 24 hours

Time to Fund: 1 - 3 days

Asset-Based Business Loan

Loan Amounts: $500,000 - $50,000,000

Terms: up to 30 years

Repayment: Monthly

Collateral requirement: YES

Credit Needed: 500+

Approval Time: 24 hours

Time to Fund: 7 - 10 days

Equipment Financing

Loan Amounts: $10,000 - $250,000

Terms: Open

Repayment: Monthly

Collateral requirement: NO

Credit Needed: 680+ FICO

Approval Time: 24 hours

Time to Fund: 10 - 15 days

Fix & Flip LOC

Loan Amounts: $10,000 - $250,000

Terms: 0% interest, first 6-12 months

Repayment: Open

Collateral requirement: NONE!

Credit Needed: 680+ FICO

Approval Time:  10 - 15 days

Approval: 24 hours

We're the best at what we do for a reason...

FLEXIBILITY. No more needing to go from bank to bank trying to find small business loans, we cover it all. Whether your credit is strong or poor we have business lending programs to meet your capital needs.

FOCUS. We're 100% focused on small business owners like yourself. We deliver results nationwide and have funding specialists available 6 days per week.

SPEED. We save you lots of time when looking for a small business loan. You answer a few questions and we show you your options. We make getting a small business loan simple and fast.

TRUST. We take care of you every step of the way. Our business lending advisors believe in your business and care about your success. It’s an experience you’ll tell your friends about, guaranteed! Did we mention our A+ rating with the Better Business Bureau?

SUCCESS STORIES

$794,000 FUNDED!

When a manufacturing company in Pennsylvania needed to meet a large purchase order request they needed funding quickly to meet their demand. Within a matter of 5 business days they were funded and are continuing to leverage our business lending programs to further grow their successful business.

LOAN TYPE: Asset-Based Loan

$28,600 FUNDED!

When a local bakery / cafe was in need of some working capital FundingPilot was able to step in and get their business $28,600 in under 48 hours!

LOAN TYPE: Merchant Cash Advance

$225,000 FUNDED!

Mark & Samantha needed to renovate their location but couldn't qualify for a commercial renovation loan, nor most business loans due to credit score blemishes. By using an investment property they owned as collateral we were able to fund them $225,000 in 9 days.

LOAN TYPE: Secured Business Loan

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